FTSE 250 movers: Hochschild Mining rebounds strongly as brokers lift targets
22nd Aug 2013 14:15
Precious metals producer Hochschild Mining was making gains on Thursday, rebounding strongly after disappointing the market on Wednesday by suspending its interim dividend as falling metals prices hit revenues and profits. Westhouse Securities, JPMorgan Cazenove and RBC Capital Markets all upgraded
Read moreThursday broker round-up UPDATE
22nd Aug 2013 07:25
Aggreko: RBC Capital reduces target price from 1850p to 1680p, while its neutral rating remains unchanged. Aviva: JP Morgan raises target price from 393p to 436p and retains an overweight rating. BHP Billiton: Canaccord Genuity takes target price from 1950p to 2050p maintaining a hold recommendati
Read moreFriday broker round-up UPDATE
16th Aug 2013 08:52
African Minerals: Barclays initiates with a target price of 220p and an underweight rating. Aviva: Exane downgrades to neutral with a target price of 403p. Avon Rubber: Investec ups target price from 470p to 500p, but downgrades from add to hold. AZ Electronic Materials: Deutsche Bank reduces tar
Read moreTuesday broker round-up UPDATE
13th Aug 2013 07:45
Aviva: Nomura increases target price from 414p to 474p reiterating its buy recommendation. BBA Aviation: Jefferies raises target price from 290p to 345p and keeps a buy recommendation. Braemar Shipping Services: Westhouse Securities takes target price from 450p to 515p and retains a buy recommenda
Read moreFTSE 250 movers: Miners celebrate Chinese data
9th Aug 2013 14:43
Mining stocks were dominating the risers list on the FTSE 250 on Friday as a list of economic data (industrial production, inflation, retail sales) from China improved the outlook for the world's top metals consumer. Precious metals producers Hochschild Mining, African Barrick Gold, Lonmin and Poly
Read moreFTSE 250 movers: Hochschild Mining, Enterprise Inns
8th Aug 2013 13:09
Hochschild Mining's shares surged as the price of gold and silver increased. Enterprise Inns rallied after saying it was on track to post growth in income by the end of its financial year. Ladbrokes declined after the UK's second largest bookmaker reported a slump in pre-tax profits for the firs
Read moreThursday broker round-up UPDATE
8th Aug 2013 07:10
Aquarius Platinum: Investec places its target price (prev.: 46p) under review, while keeping its hold recommendation. Avocet Mining: Canaccord Genuity upgrades from sell to hold with an unchanged target price of 112p. BBA Aviation: Citi raises target price from 292p to 335p reiterating a buy recom
Read moreThursday tips round-up: Randgold, Ferrexpo, Time Warner
8th Aug 2013 06:41
Randgold Resources saw its profits fall as the company adjusted to a drop in gold prices, The Telegraph's Questor column mused. However, Chief Executive, Mark Bristow, said the group will remain profitable despite the fall in price of the precious metal. Production was little changed compared with t
Read moreLondon close: Stocks fall for fourth straight day
7th Aug 2013 17:00
The FTSE 100 finished in the red for the fourth straight day on Wednesday as worries over a withdrawal of stimulus in the US and an underwhelming statement from the Bank of England (BoE) dampened sentiment. Comments from a number of Federal Reserve officials and the ongoing improvement in US econom
Read moreSector movers: Ferrexpo lifts industrial metals higher
7th Aug 2013 15:06
Ukraine-focsued iron ore miner Ferrexpo saw its share price jump on Wednesday after a strong first-half report, pushing the industrial metals sector higher. Revenues rose 6.0% year-on-year to $775m as a 19% increase in sales volumes offset lower market prices. Chairman Michael Abrahams said the co
Read moreFTSE 250 movers: Ferrexpo jumps after solid first-half numbers
7th Aug 2013 14:55
Iron pellet producer Ferrexpo was the high riser on the FTSE 250 on Wednesday with shares up over 10 per cent after a solid first-half report. Revenues were up 6.0% year-on-year at $775m as strong sales demand offset lower market pricing. Analyst Louise Collinge from Investec said that underlying e
Read moreWednesday broker round-up UPDATE
7th Aug 2013 08:57
Antofagasta: Canaccord Genuity ups target price from 1000p to 1035p leaving its buy recommendation unchanged. BBA Aviation: JP Morgan increases target price from 289p to 343p retaining an overweight rating. UBS moves target price from 250p to 280p and reiterates a neutral rating. Liberum Capital ra
Read moreFerrexpo achieves record iron pellet production in first half
7th Aug 2013 08:52
Iron pellet producer Ferrexpo saw sales volumes grow by 19 per cent to 5.3m tonnes in the first six months on the back of strong demand from all markets. The group achieved record pellet production of 5.3m tonnes, up 11% on the previous year, boosted by the ramp-up of production from the new Ferrex
Read moreLondon close: Gains erased after US data misses forecasts
23rd Jul 2013 16:28
Worse-than-expected economic data from the US saw markets across Europe erase their earlier gains on Tuesday, as the FTSE 100 fell into the red despite a strong performance in the mining sector.. Home prices in the States continued to increase in May but at a worse-than-expected rate: the Federal H
Read moreSector movers: Hopes over Chinese growth drive mining stocks higher
23rd Jul 2013 15:00
Stocks in the mining sectors were shrugging off falls in metals prices on Tuesday with share prices surging as markets focused on upbeat comments from government officials in China, a huge importer of raw materials. Chinese Premier Li Keqiang is reported to have stood by the government target for e
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